Cannabis Accounting Firms

For anyone operating in the cannabis industry, having qualified accounting and bookkeeping providers is an absolute must. Due to the federally conflicted nature of state-legal cannabis, operators are significantly more likely to face scrutiny from the IRS. Stay compliant and be prepared for an audit by working with an accounting firm, outsourced CFO, or bookkeeping service who specializes in serving cannabis industry clients.

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NOW CFO

Mary Gakere, CPA

R Sessions Professional Group LLC

Kim Walker, Inc.

Alpha Omega Accounting, LLC

Johnson Advisors

Jankovic LLC

Jessica Coblentz-Biehle, CPA / Coblentz-Biehle & Cramer, Certified Public Accountants

Arkley Accounting Group

Abraham Finberg, CPA

Henry Levy Group

Empire Tax and Accounting

Millennial Bookkeeping

William Leonard, CPA

Sams IV, CPA, P.A.

CannaBooks, LLC

Kind Accounting Services

The NestEggg Group, Inc.

Hutcheson and Co. LLP

Dawn’s Bookkeeping Services

Lavelle & Associates, CPAs

Hay & Associates

California Cannabis CPA

Skyline Bookkeeping, LLC

420 Financial Strategies

Luigi Zamarra, CPA

Cannabis Tax and Accounting Services

Accounting by Francesca

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How to Hire an Accountant for Your Cannabis Business

Maintaining proper accounting records is arguably the most important part of operating a cannabis business in the United States.

Why is accounting important for cannabis businesses?

When it comes to cannabis, maintaining proper accounting records isn’t just a nice-to-have: it’s crucial.

Tax Code 280E is a federal tax code currently preventing state-legal cannabis businesses from deducting most business expenses from their taxes, aside from the Cost of Goods Sold (COGS), since cannabis is classified as a controlled substance.

Determining the COGS can be tricky, there’s a lot of gray area. That’s why your accountant should fully understand the cannabis industry.

What to look for in a cannabis accountant:

The best accountants for your business have a proven, verifiable track record in the cannabis industry. If they don’t, they answer to someone who does.

Here are some questions to ask:

  • How long have you been serving cannabis clients?
  • How do you help your clients navigate 280E?
  • Do you have experience serving clients like me (startups, vertically-integrated operations, multi-state operators, dispensaries, etc.)?
  • Do you have any client testimonials I can see?
  • Can you tell me what accounting services you do and don’t perform for a cannabis business like mine?

To begin reaching out to awesome accountants in cannabis, see Ganjapreneur’s verified list of accountants and bookkeepers above! The list was assembled to narrow down your search for the perfect cannabis-friendly accountant.

Ganjapreneur hasn’t worked with each service provider directly, but all of these businesses are active, cannabis-friendly providers in the industry. We encourage you to connect with multiple different accountants on this list in order to determine the best one for you.

Are you a CPA who works in the industry, or do you represent a cannabis accounting firm? Create a profile here to get discovered by new clients! A profile in the Ganjapreneur Business Index also comes with additional features and marketing tools.


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